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Proxy vote support for ESG drops to record low in 2024

Summary by citywire.com

ShareAction’s Voting Matters report says ESG proposal support has dropped from 21% to 1.4% since 2021.

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Private Banker International

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Retail Banker International

ESG support at record low with investors

Only 1.4% of shareholders at asset managers gave majority support to ESG issues, down from 21% in 2021. In addition, the four largest asset managers in the world (BlackRock, Fidelity, State Street, and Vanguard) blocked corporate action by voting against shareholder resolutions to protect human rights, nature and climate. Collectively, these four supported a mere 7% of crucial shareholder resolutions. This is according to ShareAction, a charity …

4 days ago

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